iShares 20+ Year Treasury Bond ETF (TLT) - NYSEARCA
  • Tue, May 24, 10:15 AM
    • Those angling for a hike in interest rates at the June FOMC meeting got a boost to their argument a few minutes ago, as new home sales in April soared way past expectations and to their highest level in eight years.
    • The 10-year Treasury yield is higher by three basis points to 1.864%. TLT -0.6%, TBT +1.2%
    • Short-term rate markets are pricing in about a 40% chance of a June move by the Fed, and a near-100% chance by summer's end. They've also begun pricing in odds of two rate hikes by the end of 2016.
    • ETFs: TBT, TLT, TMV, SHY, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, BIL, UBT, DLBS, TLO, VGSH, SHV, SCHO, LBND, VUSTX, DLBL, TYBS, SST, DTUS, TUZ, DTUL, RISE
    | Tue, May 24, 10:15 AM | 3 Comments
  • Mon, May 23, 11:59 AM
    • The hawkish reversal at the Fed over the past few sessions has sent the yield on the two-year Treasury note to 0.91% - it's highest level since March 15. Meanwhile, the 10-year Treasury yield has risen to just 1.85%, bringing the spread between the 2-year and the 10-year down to its lowest point since November 2007.
    • Then, as now, the Fed mostly shrugged off the yield curve's reliability as an indicator of a coming slowdown.
    • Fedspeak today and over the weekend continues to try and lay the groundwork for a June move. Short-term rate markets see just shy of a 30% chance of a hike next month. Markets await the week's main event - a speech from Janet Yellen at 1:15 ET on Friday.
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, VGLT, TLH, SBND, IEI, TYO, UBT, UST, DLBS, DTYS, TLO, VGIT, TBX, SCHR, ITE, GSY, LBND, TYD, DTYL, VUSTX, DLBL, TYBS, DFVL, TBZ, DFVS, TYNS
    | Mon, May 23, 11:59 AM | 1 Comment
  • Thu, May 19, 10:12 AM
    • The Fed nearly went all-in yesterday, with FOMC minutes stopping just short of promising a June rate hike. The minutes are not an actual transcription of the policy meeting, but instead a negotiated and agreed upon summary of what took place. The line about "most participants" thinking it likely a June rate hike would be appropriate was not in there by accident.
    • If history is any guide, markets have a way bigger stack than the Fed, and a swoon in equity prices a la January could have the central bank backtracking. It should make for an interesting couple of weeks.
    • The Dow (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq (NASDAQ:QQQ) are all lower by 0.9% in early action (though Dow component Wal-Mart is up 8.6%), and the 10-year Treasury yield is pulling back from its big jump yesterday - currently lower by 2 basis points to 1.83%. TLT +0.55%, TBT -1.1%
    • Fed Funds futures are pricing in a one-in-three chance of a June hike.
    | Thu, May 19, 10:12 AM | 52 Comments
  • Wed, May 18, 2:11 PM
    • Turns out those hawkish Fed speakers yesterday were prepping markets for today's FOMC minutes, which show "most" on the committee as expecting the next rate hike to be in June.
    • To review: At the start of the week, short-term rate markets had been expecting less than a 5% chance of tighter policy in June.
    • Up 100 points earlier, the Dow (NYSEARCA:DIA) has turned negative, as has the S&P 500 (NYSEARCA:SPY). The Nasdaq (NASDAQ:QQQ) is holding onto a slim gain. Yield-starved financials (XLF, KRE, KBE) are holding onto very big gains.
    • The 10-year Treasury yield is up six basis points to 1.84%. TLT -1.1%
    | Wed, May 18, 2:11 PM | 40 Comments
  • Wed, May 18, 12:17 PM
    • "Grab the aspirin," writes Peter Boockvar, following yesterday's surprisingly hawkish Fedspeak, and ahead of this afternoon's release of the April FOMC minutes.
    • There's still a very small chance of a June rate hike priced into Fed Funds futures, but the odds of a move by year-end have risen to 86% from 56% a couple of days ago, and the 10-year Treasury yield is up five basis points today to a multi-week high of 1.82%. TLT -1.15%, TBT +2.3%
    • The "troika" of Yellen, Fischer, and Dudley remain the drivers of Fed policy, meaning speeches tomorrow from Fischer and Dudley, and then one on May 27 from Yellen all of a sudden have taken on even greater importance.
    | Wed, May 18, 12:17 PM
  • Tue, May 17, 3:37 PM
    • Keeping bond traders on their toes, the Fed trotted out a couple of their moderates today to pronounce June a "live" meeting. Markets, say the Atlanta Fed's Dennis Lockhart and SF's John Williams have got it wrong in predicting a minuscule chance of a June rate hike.
    • Chastened thus, short-term rate markets sell off just a bit, with the two-year Treasury yield up three basis points to 0.82%, and Fed Funds futures upping the chance of a June move to about one-in-six.
    • The 10-year yield is flat at 1.76% and stocks are off more than 1%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Tue, May 17, 3:37 PM | 8 Comments
  • Fri, May 13, 2:31 PM
    | Fri, May 13, 2:31 PM | 6 Comments
  • Fri, May 6, 3:30 PM
    • It's still a "reasonable expectation" that the Fed will hike rates twice this year, says FRBNY Bill Dudley, rushed out by the central bank to play bad cop after this morning's disappointing jobs report.
    • Calling the report "a touch softer," Dudley says it's not going to get a lot of weight in altering his economic outlook.
    • Earlier: Goldman pulls its expectation for a June rate hike, and Barclays shaves its estimate of Fed moves this year to one from two.
    • Meanwhile, Treasurys have been unable to hold early gains, and the 10-year yield is up 3 basis points to 1.78%. TLT -0.35%, TBT +0.7%
    | Fri, May 6, 3:30 PM
  • Fri, May 6, 8:47 AM
    • U.S. stock index futures have about doubled losses since April's jobs report, with the S&P 500 (NYSEARCA:SPY) and Nasdaq 100 (NASDAQ:QQQdown 0.55%, and DJIA (NYSEARCA:DIAdown 0.5%.
    • 160K jobs were added in April vs. expectations for 202K. The unemployment rate held steady at 5% as the labor force participation rate fell to 62.8% from 63%.
    • The 10-year Treasury yield is lower by 2.5 basis points to 1.72%. TLT +0.3%, TBT -0.6%.
    • The dollar (UUP, UDN) is all over the place - knee-jerking sharply lower as the numbers hit at 8:30, but now back to where it was prior to the report, down marginally on the session.
    • Previously: Jobs disappoint; UE rate steady thanks to dip in labor force participation (May 6)
    • Previously: April jobs numbers fall short (May 6)
    | Fri, May 6, 8:47 AM | 19 Comments
  • Wed, May 4, 8:25 AM
    • Just 156K private-sector jobs were added in April, according to ADP, the weakest number going back at least one year (though July 2015 was 158K). Expectations were for 193K.
    • Checking revisions, the past three months are all lower: March's 200K gain was revised down to 194K, February's 214K was cut to 207K, and January's 205K was lowered to 193K.
    • Back to April: Service-producing sector jobs rose 166K, and the goods producing lost 11K, led by a 13K drop in manufacturing jobs.
    • Treasurys have added to gains, with TLT +0.4% and TBT -0.8% premarket. The 10-year yield is down two basis points at 1.78%.
    • Full report
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Wed, May 4, 8:25 AM | 23 Comments
  • Tue, May 3, 10:11 AM
    • The Dow (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq (NASDAQ:QQQ) are all down 1% or more in the early going, with renewed global growth fears as good of an excuse as any. China overnight reported weaker-than-hoped manufacturing data, Australia surprised with a rate cut, and the EU was out with dour growth/inflation forecasts.
    • What's working today? Apple is higher by 0.4% after what sniffs of a panicky move by its CEO Tim Cook to appear on CNBC's Mad Money. via Jeff Matthews ... Scariest Sentence You'll Ever Hear Dept: "I think the long-term thesis is intact" on China. Home gamers will know Cook last appeared on the show a bit more than a year ago. Apple was a $130 stock then.
    • Money is flocking into government paper, with the U.S. 10-year Treasury yield lower by 8.5 basis points to 1.79%. TLT +1.5%, TBT -3%
    | Tue, May 3, 10:11 AM | 16 Comments
  • Mon, May 2, 2:06 PM
    • iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) of $0.2052. 30-Day Sec yield of 1.91%
    • iShares Barclays 20 Year Treasury Bond Fund ETF (NYSEARCA:TLT) of $0.2602. 30-Day Sec yield of 2.47%
    • iShares iBoxx $ High Yield Corporate Bond Fund ETF (NYSEARCA:HYG) of $0.3819. 30-Day Sec yield of 6.51%
    • iShares S&P National Municipal Bond Fund ETF (NYSEARCA:MUB) of $0.2005. 30-Day Sec yield of 1.35%
    • iShares iBoxx $ Investment Grade Corporate Bond Fund ETF (NYSEARCA:LQD) of $0.3247. 30-Day Sec yield of 3.16%
    • iShares Barclays 1-3 Year Treasury Bond Fund ETF (NYSEARCA:SHY) of $0.0490. 30-Day Sec yield of 0.63% .
    • All are payable May 6; for shareholders of record May 4; ex-div May 2. 30-Day Sec yield as of 4/28/2016.
    | Mon, May 2, 2:06 PM
  • Mon, May 2, 10:21 AM
    | Mon, May 2, 10:21 AM
  • Fri, Apr. 29, 10:13 AM
    • The Chicago PMI slipped to 50.4 in April from 53.6 previously. Expectations had been for just a marginal decline.
    • The fall was led by New Orders, which dipped to their lowest level since December. Backlogs saw a double-digit decline, and employment fell back into the contraction zone below 50.
    • Production, meanwhile, posted a small rise, while supplier deliveries jumped to the strongest level since October 2014.
    • Chief Economist of MNI Indicators Philip Uglow: “This was a disappointing start to the second quarter ... panelists are now more worried about the impact a rate hike might have on business than they were at the same time last year.”
    • Full report here
    • The 10-year U.S. Treasury yield has dipped a bit since the print, but is still higher by 2 bps on the session to 1.84%. TLT -0.35%, TBT +0.7%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Fri, Apr. 29, 10:13 AM | 14 Comments
  • Thu, Apr. 28, 8:46 AM
    • GDP growth in Q1 was its slowest in two years at just 0.5% (annualized), and missed consensus forecasts for 0.7%. Growth in Q4 was 1.4%.
    • Gross domestic purchases, however, was a stronger 0.9%, though slowed from Q4's 1.5%. In addition, the Fed's favored inflation measure - the core PCE price deflator - rose by a speedy 2.1%, the fastest pace since Q1 of 2012.
    • Dragging down the headline was net trade, which subtracted 0.33% from growth amid a strong dollar. Fixed investment was a drag on growth  for the first time since Q1 of 2011.
    • Yields are more or less as they were prior to the 8:30 ET print, marginally lower on the session.
    • TLT flat, TBT flat premarket
    | Thu, Apr. 28, 8:46 AM
  • Wed, Apr. 27, 2:14 PM
    • The S&P 500 is still flat and the Nasdaq still down nearly 1% following an FOMC statement that we'll call a hawkish/dovish wash. Policymakers did remove a line about risks from global economic and financial developments, but downgraded their view of consumer spending. They also removed a reference to inflation looking like it's picking up.
    • The 10-year Treasury yield adds one basis point since the news, now off 3 bps on the session to 1.90%. TLT +0.6%, TBT -1.2%
    • The dollar remains about flat on the session, as does gold.
    | Wed, Apr. 27, 2:14 PM | 1 Comment
TLT Description
The iShares 20+ Year Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years.
See more details on sponsor's website
Country: United States
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